Bryant Park Corporation / 34th Street Partnership Revenue and Competitors

Bryant Park Corporation and 34th Street Partnership share a management team and management philosophy. Bryant Park Corporation http://www.bryantpark.org Bryant Park Corporation (BPC) is a not-for-profit, private management company and a cooperating business improvement district of neighboring property owners. It was established by Daniel A. Biederman and Andrew Heiskell, with support from the Rockefeller Brothers Fund. BPC was formed to restore historic Bryant Park, which had suffered a severe decline in conditions in the 1970s. A 15-year agreement was signed in 1988, entrusting management and improvements to the BPC. The park reopened in 1991 after four years of renovation with a budget six times the level under prior city management. It is the largest effort in the nation to apply private management backed by private funding to a public park, and it has been a success with public, press, and nearby institutions. 34th Street Partnership http://www.34thstreet.org Founded in 1992, the 34th Street Partnership is a coalition of property-owners, tenants, and city officials, working to revitalize a 31 block district in the heart of midtown Manhattan with major streetscape improvements, special security and sanitation services, public events, tourist assistance, and free retail services. The Partnership's programs and services are funded principally by a special assessment on commercial properties within the district. Funds are collected by the city and returned in full to the Partnership.

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